I am in the market for a reasonably priced conveyancer. Do I opt for a national conveyancer rather than a high street Southwark conveyancing solicitor?
Southwark is a unique place, where neighbourhood knowledge helps. The laid-back lifestyle has an upside – but not when it comes to your conveyancing. The property lawyers that we recommend display well rounded Southwark knowledge with a positive, can doapproach that helps everything runs smoothly. It is a distinct advantage if they can make use of well established rapport with financial advisers, search providers, valuers and counterpart Southwark conveyancing solicitors
We note that you have a search directory listing solicitors on the Aldermore conveyancing panel. Do companies pay you a commission if I appoint them for our own conveyancing in Southwark?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Southwark.
Planning on purchasing a maisonette in Southwark. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nottingham conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Southwark solicitor is on the Nottingham conveyancing panel.
I was told four weeks ago that my mortgage has been agreed to by Skipton. Is it usual for Skipton to only issue the offer once my solicitor in Southwark is approved on their conveyancing panel? Skipton have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Skipton to deal with your lawyer's application to be on the Skipton conveyancing panel. There's no guarantee that your solicitor will be accepted.
Our sealed bid on a property in Southwark has been agreed to, but there is a chain. The vendors have offered on a property, however it’s not been accepted yet, and have viewings of other properties booked. I have chosen a local conveyancing solicitor in Southwark. What should be my next step? When should I get the mortgage application with Clydesdale started?
It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of £1k, then survey, Southwark conveyancing search charges, etc). The first thing to do is check that your property lawyer is on the Clydesdale approved list. Regarding the subsequent phase this very much dictated by the circumstances of your transaction, desire for this property and on the state of the market. During a rising market the majority of purchasers will apply for the mortgage with Clydesdale and pay for the valuation and only if it was satisfactory would they request their conveyancing practitioner to move forward with searches.
Due to the guidance of my in-laws I had a survey completed on a property in Southwark before appointing solicitors. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies tend not grant a loan on such a premises.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. If you contact us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Southwark. Conveyancing will be smoother if you use a solicitor in Southwark especially if they are accustomed to such properties in Southwark.
I am hoping to put an offer on a small detached house that appears to tick a lot of boxes, at a reasonable price which is making it all the more appealing. I have just discovered that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns buying a leasehold house in Southwark. Conveyancing lawyers have not yet been appointed. Will my lawyers set out the risks of buying a leasehold house in Southwark ?
The majority of houses in Southwark are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. It is clear that you are purchasing in Southwark so you should seriously consider looking for a Southwark conveyancing practitioner and be sure that they are used to dealing with leasehold houses. First you will need to check the unexpired lease term. As a tenant you will not be entirely free to do whatever you want to the property. The lease comes with conditions for example requiring the freeholder’sconsent to carry out changes to the property. It may be necessary to pay a service charge towards the maintenance of the communal areas where the property is located on an estate. Your solicitor will advise you fully on all the issues.
Notwithstanding our best efforts, we have been unsuccessful in seeking a lease extension in Southwark. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We are happy to put you in touch with a Southwark conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Southwark flat is 1-41 Royal Tower Lodge 40 Cartwright Street in April 2013. the tribunal adding the agreed value of capitalised ground rents and the reversion the price to be paid for the freehold was £1,187,000 This case related to 41 flats. The remaining number of years on the lease was 107 years.